Franklin Arizona Tax Free Income Fund (FAZRX)
| Fund Assets | 608.02M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000,000 |
| Turnover | 17.42% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.49% |
| Dividend Growth | 5.82% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.89 |
| YTD Return | 2.72% |
| 1-Year Return | 7.85% |
| 5-Year Return | 5.30% |
| 52-Week Low | 9.34 |
| 52-Week High | 9.94 |
| Beta (5Y) | 0.05 |
| Holdings | 154 |
| Inception Date | Aug 1, 2017 |
About FAZRX
Franklin Arizona Tax-Free Income Fund Class R6 is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both federal and Arizona state personal income taxes. The fund primarily invests in debt securities issued by the State of Arizona and its municipalities, such as bonds for public projects including airports, wastewater systems, and educational institutions. Its portfolio is diversified across various issuers within the state, with a focus on maintaining tax-advantaged income while aiming for capital preservation. The fund holds long-duration municipal bonds, typically resulting in sensitivity to changes in interest rates and credit conditions. This targeted investment approach makes it an important vehicle for Arizona residents seeking tax efficiency in their fixed-income allocation, as it not only helps finance critical public infrastructure but also plays a significant role in supporting local government financing needs.
Performance
FAZRX had a total return of 7.85% in the past year, including dividends. Since the fund's inception, the average annual return has been -7.61%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02891 | Jun 30, 2026 |
| May 29, 2026 | $0.02967 | May 29, 2026 |
| Apr 30, 2026 | $0.0289 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03092 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02642 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02957 | Jan 30, 2026 |